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(Reuters, London, 16 January 2017) Britain's credit export agency, UK Export Finance (UKEF), signed its first direct loan deal in Africa on Monday, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana. UKEF's loan and credit facility is part of a...

(Global Trade Review, London, 11 January 2017) Italian export credit agency (ECA) Sace and Intesa Sanpaolo have paired up to offer a €400mn credit line to finance Italian companies working on the Russian Yamal liquefied natural gas (LNG) project, despite continued US and European sanctions...

(Financial Tribune, Tehran, 11 January 2017) China has opened a line of credit, worth $1.3 billion, to finance the development of Abadan Oil Refinery, Iran's oldest refinery in the southern Khuzestan Province, the chief executive of National Iranian Oil Refining and Distribution Company said....

(Guardian, London, 7 December 016) Congress quashed the hopes late Tuesday of reviving the United States’ export credit agency, which had been aiming for a stopgap lifeline allowing them to approve more than $20bn in new deals, many of which pose imminent harms to the environment. Now, the fate...

(TFX News, London, 12 December 2016) ECAs are to offer guarantees for two LNG projects in Mozambique, as commercial lenders watch closely to see how talks progress between the government and the IMF before committing to the project. Export credit agencies (ECAs),...

(wsws.org, Jacksonville, 19 December 2016) The Papua New Guinea (PNG) government announced on Friday that it will deploy military personnel to stop “violence” near the country’s biggest resources installation, the Exxon-Mobil Liquefied Natural Gas (LNG) project...The security and viability of...

(Guardian, 30 November 2106, Washington) resident Barack Obama has staked his legacy on the environment, positioning his administration as the most progressive on climate change in US history. However, an obscure agency within his own administration has quietly spoiled his record by helping...

(Friends of the Earth Japan, 17 November 2016, Tokyo) Within the next couple of months, the Japan Bank for International Cooperation (JBIC) will decide whether to fund two giant dirty coal-fired power plants in Indonesia. These power plants will have a total capacity of 3000 Megawatts. They are...

(Friends of the Earth Japan, 10 November 2016, Jakarta) On November 10, 2016, three villagers affected by "Cirebon coal-fired power plant project in West Java, Indonesia" (*1) handed their objection to the Japan Bank for International Cooperation (JBIC) at its Representative Office in Jakarta....

(Reuters, 24 November 2016, Dubai)Gulf governments are increasingly turning to export credit agencies to finance billions of dollars of infrastructure projects as low oil prices squeeze liquidity in the region. Bankers say that since oil prices fell more than two...

(Bank Track, Nijmegen, 30 November 2016) Members of Banktrack wrote to the Chair of the Equator Principles Association earlier this month, to urge the Association at its upcoming Annual Meeting to address two...

(Medium, Washington, 15 October 2016) Friends of the Earth USA conducted a field study of the impacts of the development of liquefied natural gas on rural communities and their lands in northern Mozambique, a project considered for financing by the U.S. government Export Import Bank. Friends of...

(Lexology Newsfeed, 5 October 2016) On 17 November 2015, members of the OECD which are party to the OECD Arrangement on Officially Supported Export Credits (the Arrangement), agreed to a new sector understanding that limits the availability of export credit finance for less environmentally...

(Climate Change News, London, 14 October 2016) The Export-Import Bank of Korea (Korea Exim) has drawn sharp criticism from Saudi Arabia for withdrawing its application to be a conduit for climate funding, days after protests attacked its history of financing coal. The board of the Green Climate...